I suspect that it would have to go through probate to get clear title. I’d bet you can find out by googling Nevada real-estate law. I know that in Colorado a deed filed as “husband and wife” does not mean joint-tenants. Only the phrase “joint-tenants” or “joint-tenancy” is accepted. I found this by doing simple google searches.

I would stick to your pricing. You only want deals that can be sold quickly. Otherwise, you will be forced to mark up a property to cover your cost and make a reasonable profit. The more you mark up, the longer it will sit and the more you will be frustrated. On the other hand, how desirable is the land? If its pretty with trees, why not…[Read more]

Is this property worth something substantial? Any reason, why you couldn’t simply use a title company and let them handle the work? Make sure you work “on” your business and not “in” your business. When it’s a simple deed and the price point is low, do it yourself. Otherwise, just let title mind or title company handle it.

You want the cash flow. The question is how long will it take to get your money out? if you can get 10% down payment and rest of your money out in 3-6 months, you will have a very nice performing note with the likelihood that you can sell it again.

I create a quick Purchase and sale agreement and send it to the buyer and ask them to sign. It’s the first thing I do and I tell the buyer the agreement simply says You promise to pay and I promise to deliver. I tell them that it is mutually beneficial for both of us and they always agree. I also often send a link about my LLC from…[Read more]

Check with the county recorder and see if they will transfer title according to your plan. Ask if the procedure is correct. Don’t ask for advice. They will quickly tell you that they can’t give legal advice.

Other than wholesale buyer/investors, are any of you capturing retail buyer information into a buyers list? Are you using tools like zapier, etc and pushing them into a CRM? Are you getting sales as a result of email or text blasting to your buyer’s list?

If the margin of profit is high enough to allow a professional to close the deal for you, by all means, do it. Just be sure you have an investor-friendly attorney if you are going to be doing contract assignments.

I suspect most lien holders want a good return on their money and not vacant land in AZ. I suspect many of them could be foreclosed on right now. But I would also suspect that some are gambling that the taxes, fees and interest will be paid….eventually giving them a good return.

I bought a property with high back taxes (1200). I gave the…[Read more]

On the call today we talked about power of attorney. POA only exists when the disabled person is alive. It ceases when the person dies and any property they own becomes part of his/her estate. So let’s say, an owner of a property tells you he has power of attorney over his wife but also tells you she has died. What do you do? Buy the property…[Read more]

You will get all of your action in the other buy/sell groups. Use the mapping feature to find buy/sell groups in the surrounding towns. join those groups. Some take a few days for the admins to approve you. Then post you add on your page. You should see a button “Post to other places”. Select all the groups that close to your property (i.e.…[Read more]

So I’m looking at a property and the owner has a warranty deed but the previous deed was a treasurer’s deed which was granted to “RIO WEST MORTGAGE CORPORATION”. RIO WEST MORTGAGE CORPORATION must have paid for a title policy. Stop looking any further back? Should I ask for the title policy?